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Japan Considers Buying Chinese Bonds

By

Takashi Nakamichi

December 21, 2011

TOKYO—Japan should consider holding Chinese government bonds to strengthen ties with its Asian neighbor, its finance minister said Tuesday, but analysts say such a step could be a move toward diversifying Japan's foreign reserves, now mainly denominated in dollars.

Finance Minister Jun Azumi made the comments just days ahead of a planned visit to China by Prime Minister Yoshihiko Noda. It was the first time Japan clearly indicated an...